The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   2,307,594 18,203 SH   SOLE   18,203 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   4,198,618 116,758 SH   SOLE   116,758 0 0
APARTMENT INCOME REIT CORP COM 03750L109   254,918 7,340 SH   SOLE   7,340 0 0
APARTMENT INVT & MGMT CO CL A 03748R747   628,647 80,287 SH   SOLE   80,287 0 0
AVALONBAY CMNTYS INC COM 053484101   677,362 3,618 SH   SOLE   3,618 0 0
BROADSTONE NET LEASE INC COM 11135E203   744,558 43,238 SH   SOLE   43,238 0 0
CAMDEN PPTY TR SH BEN INT 133131102   718,860 7,240 SH   SOLE   7,240 0 0
CBRE GROUP INC CL A 12504L109   5,242,177 56,313 SH   SOLE   56,313 0 0
COUSINS PPTYS INC COM NEW 222795502   504,264 20,709 SH   SOLE   20,709 0 0
CUBESMART COM 229663109   694,091 14,975 SH   SOLE   14,975 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108   2,585,185 239,369 SH   SOLE   239,369 0 0
DIGITAL RLTY TR INC COM 253868103   1,794,086 13,331 SH   SOLE   13,331 0 0
ELME COMMUNITIES SH BEN INT 939653101   3,289,278 225,293 SH   SOLE   225,293 0 0
EQUINIX INC COM 29444U700   1,732,394 2,151 SH   SOLE   2,151 0 0
EQUITY COMWLTH COM SH BEN INT 294628102   2,403,418 125,178 SH   SOLE   125,178 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107   3,516,639 57,499 SH   SOLE   57,499 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   296,240 11,590 SH   SOLE   11,590 0 0
FIRST INDL RLTY TR INC COM 32054K103   4,227,558 80,265 SH   SOLE   80,265 0 0
HEALTHCARE RLTY TR CL A COM 42226K105   436,022 25,306 SH   SOLE   25,306 0 0
HUDSON PAC PPTYS INC COM 444097109   301,393 32,373 SH   SOLE   32,373 0 0
IHS HOLDING LIMITED ORD SHS G4701H109   134,831 29,311 SH   SOLE   29,311 0 0
INVENTRUST PPTYS CORP COM NEW 46124J201   3,955,802 156,109 SH   SOLE   156,109 0 0
INVITATION HOMES INC COM 46187W107   3,982,513 116,755 SH   SOLE   116,755 0 0
KIMCO RLTY CORP COM 49446R109   5,165,437 242,395 SH   SOLE   242,395 0 0
NEWMARK GROUP INC CL A 65158N102   5,453,915 497,620 SH   SOLE   497,620 0 0
PHILLIPS EDISON & CO INC COMMON STOCK 71844V201   751,488 20,600 SH   SOLE   20,600 0 0
PROLOGIS INC. COM 74340W103   3,019,912 22,655 SH   SOLE   22,655 0 0
RAYONIER INC COM 754907103   287,727 8,612 SH   SOLE   8,612 0 0
REALTY INCOME CORP COM 756109104   5,893,072 102,631 SH   SOLE   102,631 0 0
REGENCY CTRS CORP COM 758849103   488,899 7,297 SH   SOLE   7,297 0 0
REXFORD INDL RLTY INC COM 76169C100   3,693,119 65,831 SH   SOLE   65,831 0 0
SABRA HEALTH CARE REIT INC COM 78573L106   485,737 34,039 SH   SOLE   34,039 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102   1,709,779 68,173 SH   SOLE   68,173 0 0
SUN CMNTYS INC COM 866674104   2,399,686 17,955 SH   SOLE   17,955 0 0
TRICON RESIDENTIAL INC COM NPV 89612W102   2,459,193 270,241 SH   SOLE   270,241 0 0
UDR INC COM 902653104   4,517,914 117,992 SH   SOLE   117,992 0 0
VENTAS INC COM 92276F100   4,346,497 87,209 SH   SOLE   87,209 0 0
VICI PPTYS INC COM 925652109   1,731,753 54,321 SH   SOLE   54,321 0 0
WELLTOWER INC COM 95040Q104   419,741 4,655 SH   SOLE   4,655 0 0
WHITESTONE REIT COM 966084204   504,799 41,074 SH   SOLE   41,074 0 0